Individual Health Insurance It is a type of insurance which covers the individual i.e., the policyholder only.
The sum insured in the policy is fixed by considering major factors like age, lifestyle, medical records etc. The policy covers all the expenses which have occured in the time of any emergency related to health of the insured. Family Floater Health Insurance As the name suggests the plan is for all the members of the policyholder including themselves.
It is an ideal policy which a person is looking for a combined policy plan. The sum insured in the plan is combined as well for all the members included, making the premium less costlier.
It is beneficial to not choose the plan if one of the members is above the age of 60 years, as they are more prone to fall ill and thus making the premium costlier. Group Health Insurance This is the type of plan which is bought for colleagues or employees.